SEC Not to Move against Hedge Fund Magnetar over Mortgages (Fund News)
The U.S. securities regulator has decided not to file civil charges against hedge fund firm Magnetar Capital LLC over its role in helping create mortgage securities that lost value during the financial crisis, the Wall Street Journal reported.
Harbinger sues Dish Network's Ergen over LightSquared (Fund News)
Reuters reports that Phil Falcone's hedge fund sued satellite TV mogul Charlie Ergen and his Dish Network Corp for $4bn on Tuesday for an alleged loan-trading scheme aimed at stripping Falcone of his control over LightSquared Inc, a bankrupt wireless communications business.
Hedge Fund Numbers Positive, Thanks to Growth in Master Funds (Fund News)
In a continuation of recent trends, the total number of Cayman Islands hedge funds is increasing, but only because of the growing amount of master funds, which were first registered in 2012.
BlueCrest's BlueTrend hedge fund slumps 16.9 percent (Fund News)
BlueCrest Capital Management's BlueTrend fund, one of the world's biggest computer-driven hedge funds, has suffered one of its worst ever peak-to-trough losses over the past six weeks, according to a report by Reuters.